Associate, Structured Finance (Risk Retention)

Nearwater Capital, LLC; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Nearwater Capital seeks a Cross Product Associate to support origination and portfolio management across ABS, CLO, CMBS, and RMBS. You will work with senior originators and the Head of Risk Retention on live deal flow from initial screening through close and ongoing monitoring.

You will build cash flow models, prepare memos, and draft term sheets while coordinating with legal and operations teams. Strong financial modeling and written communication are essential as you liaise with clients and

Qualifications

• 2-6 years of experience in structured finance and/or securitized products.
• Bachelor's degree in Finance, Economics, Accounting, or a related quantitative field.
• Strong financial modeling skills, including cash flow waterfalls and collateral analysis.
• Proficiency with MS Office, especially Excel and PowerPoint.

Responsibilities

• Support the Risk Retention team in executing financing transactions across ABS, CLO, CMBS, RMBS.
• Review deal offering documents and legal documentation, and coordinate operational settlement.
• Build cash flow models to evaluate financing terms and structural features for client review.
• Prepare marketing materials and presentation decks for meetings with global investment and PE firms, managers, and sponsors.
• Draft term sheets, structuring memos, and investment committee materials.
• Monitor the securitization market and provide timely insights to the team.
• Participate in client discussions to support origination and ongoing client coverage.
• Liaise with legal and operations teams to deliver a smooth execution experience.

Skills

Structured finance experience

Financial modeling

Written communication

Education

Bachelor's degree in Finance, Economics, Accounting, or related quantitative field

Tools

Excel

PowerPoint

MS Office

Job description

Nearwater's Risk Retention business provides asset-backed securitization sponsors (ABS, CLO, CMBS, RMBS) with financing for their retained risk retention interests, in compliance with Dodd-Frank and EU/UK Securitization Regulation requirements. As a Cross Product Associate, you will support origination and portfolio management across multiple asset classes and transaction types, working directly with senior originators and the Head of Risk Retention on live deal flow from initial screening through close and ongoing monitoring.

WHAT YOU'LL DO

Deal Origination & Structuring

• Support the Risk Retention team in executing financing transactions across multiple securitization asset classes, including ABS, CLO, CMBS, and RMBS
• Review deal offering documents and legal documentation, and coordinate operational settlement
• Build cash flow models to evaluate financing terms and structural features for client review
• Prepare marketing materials and presentation decks for meetings with global investment and PE firms, managers, and sponsors
• Draft term sheets, structuring memos, and investment committee materials
• Monitor the securitization market and provide timely insights to the team
• Participate in client discussions to support the origination process and ongoing client coverage
• Liaise with legal and operations teams to deliver a smooth execution experience

WHAT WE'RE LOOKING FOR

Required

• 2-6 years of experience in structured finance and/or securitized products
• Bachelor's degree in Finance, Economics, Accounting, or a related quantitative field
• Strong financial modeling skills, including cash flow waterfalls and collateral analysis
• Proficient with MS Office, especially Excel and PowerPoint
• Working knowledge of securitization structures and risk retention concepts (Dodd-Frank, EU/UK Securitization Regulation)
• Excellent written communication for structuring memos and committee materials

Preferred

• Exposure to multiple asset classes (ABS, CLO, CMBS, RMBS)

HOW YOU WORK

• Moves easily between origination work and portfolio monitoring
• Self-starter who works well independently and across offices
• Always looking for ways to cut down on manual work
• Likes having a hand in a lot of different deals at once

WHAT YOU'LL GET

• Direct exposure to live transactions across multiple products, from origination through close
• Regular interaction with senior originators, the Head of Risk Retention, and firm leadership
• Real ownership of analytical and structuring work from day one
• A growing team with room to specialize or broaden as the business scales

WHO WE ARE

Nearwater Capital is a rapidly growing and innovative specialty finance company headquartered in New York City with a global presence and client base. Established in 2017, Nearwater has distinguished itself as a leader in delivering thoughtful, solutions-based financing to some of the largest financial institutions and financial services firms in the world.

Nearwater offers an attractive market compensation and benefits package. As a creative, intellectual capital firm, Nearwater is proud to be 100% work from office.

Nearwater Capital considers all applicants without regard to race, color, religion, national origin, age, sex, civil status, family status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation, membership of the Traveller community, or any other characteristic protected by applicable law in the jurisdiction of employment. By applying, candidates acknowledge that their personal data will be processed in accordance with applicable data protection and privacy laws, including but not limited to the EU/UK General Data Protection Regulation and applicable US state privacy laws.